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realclearworld

After hearing truth about Cuba, Puerto Rican manufacturers not interested in doing business with Castro dictatorship

At a forum to discuss the possibility of business with the Castro dictatorship in Cuba held in Puerto Rico last week and hosted by the Puerto Rican Manufactures Association, attendees were presented with two opposing views: The truth about Cuba and the propaganda about Cuba. Despite the no doubt slick presentations offered by the "Cuba Experts" on the panel, it appears their pro-Castro propaganda was soundly defeated by the truth.

Via El Nuevo Dia (my translation):

Caution with Cuba

For now, manufacturers do not find commerce with the neighboring island attractive

http://recend.apextech.netdna-cdn.com/images/2013/08/02/20130728_negociosnegocios_3767490.jpg

The lack of infrastructure represents an attractive business potential for the Puerto Rican construction industry.

The manufacturing sector in Puerto Rico is not convinced Cuba presents a bastion of opportunities and understand that for this market to be truly attractive, it has to come with not only an economic opening in the country, but a change of government as well.

At least that was the opinion of some of the local businessmen interviewed by El Nuevo Dia who attended the forum yesterday organized by the Puerto Rico Manufacturers Association (PRMA), "Cuba: Today and the opportunities tomorrow."

"What was talked about here today confirms that what we have heard until now is not a myth but a reality. We know that there is a potential market [in Cuba] but there is no way to enter it under the regime's current conditions, even with the economic reforms," said Santiago Domenech, president of the Association of Contractors.

Mauricio Claver, executive director of Cuba Democracy Advocates and editor of the Capitol Hill Cubans newsletter, one of the speakers at the event that participated on the panel "Reforms and change in Cuba's political economy 2013," said that foreign investment in Cuba over the years has seen a reduction.

According to figures provided by the Cuban dissident, from the total of 400 foreign investors that were in Cuba in the year 2000, there remains now only 190. "Therefore, where is the opportunity?" he asked.

Continue reading (in Spanish) HERE.

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